3 Credit Reporting Companies And The Fair Credit Reporting Act

3 Credit Reporting Companies And The Fair Credit Reporting Act

Your credit score is becoming an increasingly important part of your financial life.

It is the three digit number that can determine if you are going to be able to get a loan and at what rate. It literally determines many of the long term financial decisions that you are going to make.

Aurora Lillo Editor of the "Get MY Credit Report" website -- http://www.GetMyCreditReport.biz -- pointed out;

"...With something this important, it is a good idea to know what your score is and how you might be able to improve it. The only question is how do you gain access to this information..."

There are three major credit bureaus that monitor individuals credit history and produce their scores for them. You go to these bureaus when you are looking for the information you need about your score. Luckily for you, this most important of financial documents is available to you for free because of something known as the Fair Credit Reporting Act. This legislation was enacted in an attempt to be able to get more personal financial information to individuals for free. You can use this to your advantage to improve your financial life.

If you are interested in viewing your report (why wouldn't you be?), then all you have to do is go to one of the websites of any of the three bureaus. Based on the Fair Credit Reporting Act, they are required to allow you to view your report once per year for free. That is to say that each of the three reporting agencies must allow you to view this document once per year. This means that if you spaced it out correctly, then you could get a free look every four months. This is great for you to be able to view it this often so that you know if you need to take steps to improve on your score.

"...There are so many things that are based on your credit score, that it is vital that you have a good score. If you have a score that is below par, then you may get higher interest rates and maybe you won't qualify for any loans at all. This is a scenario that you want to avoid if possible, and the best way to start on this process is to know where you stand. From there you will be able to determine what you need to do next. Check out your free look at your score today, it will be worth your time..." added A. Lillo.

Further information about how to get a detailed credit report including scores and as often as you want by visiting; http://www.GetMyCreditReport.biz

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